Bonlon Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/04/2025 ,inter alia, to consider and approve 1. to increase the Authorized ....
BONLON · price
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Bonlon Industries has called a Board meeting on Monday, April 7, 2025 to consider three items: (1) increasing the Authorized Share Capital of the company along with related amendments to the Memorandum and Articles of Association, (2) evaluating a proposal to raise funds through equity shares, equity-linked instruments, convertible preference shares, fully or partly convertible debentures, warrants, or non-convertible debentures via private placement, qualified institutions placement (QIP), or other permissible modes, and (3) seeking shareholder approval for these decisions. The trading window for designated persons has been closed from April 1, 2025 until 48 hours after the outcome of the meeting or the meeting that considers FY25 financial results, whichever is later.
No concrete fundraising details (size, pricing, instrument mix) have been disclosed yet — the board will only 'evaluate' the proposal on April 7. Existing shareholders should watch for potential dilution once the authorized capital is hiked and the fundraising route is finalised, as preferential or QIP issues typically involve equity dilution.